400 Witmer Street
Los Angeles, CA 90017
9
Bed
0
Bath
9,800Sqft
6,821Sqft(Lot)
400 Witmer is a 24 unit value-add complex located 1.4 miles south of Echo Park Lake and the heart of Downtown LA. Located just south of W. 3rd St, the property is in close proximity to Echo Park, Silver Lake, Koreatown, the 101 Fwy, and the 110 Fwy. The property is offered at 6.98% CAP and 8.41 GRM on current rents, $139,583 per unit, and $342 per foot. This significant value-add opportunity presents approx. 42% rental upside with a VACANT studio unit. At projected market rents, the property will stabilize at a 11.58% CAP and 5.99 GRM. Built in 1924, the 9,800 SF two-story complex consists of (9) 1-bdrm. units and (15) studio units. Tenants pay their own electrical utilities and the building is master metered for gas. 400 Witmer, which can be purchased individually, is part of the Witmer 4
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 801 S Grand #1611, Los Angeles, CA, 90017 | $749,000 | 2 | 2 | 1,580 | 1,580 SqFt |
| 318 Columbia Avenue, Los Angeles, CA, 90017 | $2,350,000 | 11 | -- | 4,444 | 4,444 SqFt |
| 401 Witmer Street, Los Angeles, CA, 90017 | $3,150,000 | 6 | -- | 8,776 | 8,776 SqFt |
| 1100 Wilshire Boulevard.., Los Angeles, CA, 90017 | $475,000 | 1 | 1 | 680 | 680 SqFt |
| 877 Francisco #1801, Los Angeles, CA, 90017 | $779,000 | 1 | 2 | 909 | 909 SqFt |
| 877 Francisco Street #1.., Los Angeles, CA, 90017 | $775,000 | 1 | 2 | 975 | 975 SqFt |
| 517 Loma, Los Angeles, CA, 90017 | $3,200,000 | -- | -- | 8,704 | 8,704 SqFt |
| 889 Francisco Street #3.., Los Angeles, CA, 90017 | $498,000 | -- | 1 | 480 | 480 SqFt |
| 717 Columbia Avenue, Los Angeles, CA, 90017 | $3,330,000 | -- | -- | 9,936 | 9,936 SqFt |
| 1247 W 8th Street, Los Angeles, CA, 90017 | $1,300,000 | 8 | -- | 6,762 | 6,762 SqFt |
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ByOwner last updated this listing 06/18/2026 @ 16:20
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